Fed Chair Warsh: Inflation Cooled but 'Mission Not Accomplished'
Federal Reserve Chair Kevin Warsh told lawmakers Tuesday that the June inflation report, which showed a sharp slowdown in price hikes, was welcome but not enough to declare victory. In his first semiannual testimony, Warsh reiterated the Fed's 'no tolerance' for high inflation and outlined a sweeping review of policy tools, yet he provided no clear signal on the next interest-rate move. Warsh's cautious stance came amid renewed U.S.-Iran military tensions that could disrupt energy markets, and as he emphasized the central bank's independence from political influence. Analysts noted the inflation surprise buys him only brief relief, with the Fed expected to remain data-dependent. Warsh also criticized forward guidance as unsuited to the current economic moment, keeping markets guessing on…
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